Behavioral Economics and Decision-Making: Insights for Policy Design
Keywords:
Behavioral Economics, Decision-Making, Policy Design, Cognitive Biases, HeuristicsAbstract
This study delves into the application of behavioral economics in understanding decision-making processes and its implications for policy design. By evaluating various cognitive biases and heuristics, the research provides insights into how policies can be more effectively tailored to align with human behavior. The findings emphasize the importance of incorporating behavioral insights into economic policy frameworks.
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